On Wenesday, the Cour de Cassation, the highest court in France, upheld the 2004 conviction of George Soros on insider trading charges. According to The New York Times, Soros illegally purchased Société Générale shares in 1988, after he was allegedly informed about an upcoming corporate raid on the bank.
Counsel argued that it was impossible for Soros to get a fair trial because of the 16-year time lapse between the alleged events and the trial. The New York Times reports that Soros plans to appeal further to the European Court of Human Rights.
Read The New York Times article
